Judge summons drug company CEOs to court to discuss opioid settlement: source

- The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.

Those companies, along with Johnson & Johnson, have been negotiating a settlement they value at roughly $50 billion that would allow them to resolve 2,600 lawsuits nationally by largely states and localities, people familiar with the matter said. Under the proposal, McKesson, AmerisourceBergen and Cardinal Health would pay $18 billion over 18 years and J&J would pay $4 billion, according to two people familiar with the matter.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Individuals tied to Giuliani probe to appear before judge in NY courtIndividuals with ties to President Donald Trump's personal attorney Rudy Giuliani are expected to appear before a judge in the Southern District of New York on Thursday .
Source: ABC - 🏆 471. / 51 Read more »

Judge blocks Michigan's ban on flavored e-cigarettesA Michigan judge temporarily blocked the state's weeks-old ban on flavored e-cigarettes Tuesday, saying it may force adults to return to smoking more harmful tobacco products and has irreparably hurt vaping businesses. Court of Claims Judge Cynthia Stephens put the prohibition on hold until '
Source: Yahoo Lifestyle - 🏆 365. / 59 Read more »